Banking on US Support EU Calls for Tax on Global Financial Transactions

European Union leaders are calling for a new tax on global financial transactions as protection against a future financial crisis. But the idea has little chance against US opposition.
European Commission President Jose Manuel Barroso would like to see a global tax on financial transactions.

European Commission President Jose Manuel Barroso would like to see a global tax on financial transactions.

Foto: GEORGES GOBET/ AFP
njb -- with wire reports
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